ICICI General insurance awarded best general insurance company of the year at Singapore in the 11th Asia insurance industry awards 2007, the same being rewarded for introducing biometric smart card, weather insurance for farmers, and introducing online in

JiyoFit will incentivize customers to follow a healthy lifestyle by rewarding points on gym visits, purchase of health foods etc. Bajaj Allianz is first in the industry to launch the health card in association with Yes Bank and powered by Visa.

In spite of losses due to detariffing of the insurance sector leading to underwriting losses, general insurance companies more than made up by return-on-investment (ROI) incomes due to the booming stock market.

The General Insurance Council (GIC), the representative body of non-life insurance insurers, has proposed that health insurance premiums and premiums below Rs 2,500 for non-health insurance polices should be out of the service tax net.

Insurance agent malpractices to be made public as per IRDA rules. Corrective steps taken after getting several complaints from the customers. The names of the errant agents to be published on the insurance websites of each insurance firm.

Supreme Court has given a rule that a person injured especially in the case of road traffic accident or assault etc. should be provided with the first aid and then the hospital should fulfill with the police formalities.

$540 million of FDI has been pumped in Indian insurance sector for the period ending on March 31, 2007. As per the regulations, Foreign Direct investment in the insurance sector is capped at 26 per cent.